I got this advisory from the Assessor’s Office. I’m not clear what it takes to qualify for the $7,000 reduction in the taxable value of the home (not, presumably, in the tax amount!) but I’m putting it up here anyway in case it’s useful to someone.
[Edited to add: I got a helpful call from neighbor Barbara today, explaining that this deduction is used to reduce the taxable value of the home – so it would reduce actual taxes by about $72 or so. It applies to home-owners living in their primary home, not to investment properties. Most people have it, but it you bought a home here recently and moved, you may need to apply. More on the Assessor’s website HERE.]
San Francisco, CA – The deadline for property owners to file their Homeowners’ Property Tax Exemption is Tuesday, February 18, 2014. Homeowners who own and occupy a home in San Francisco as their principal residence on January 1st of the year for which they are claiming the exemption could qualify for a $7,000 reduction in the taxable value of their home.
According to state law, full exemption is available if the filing is made by 5:00pm on February 15. Since February 15 lands on a Saturday and since Monday, February 17, is a national holiday, the Office of the Assessor-Recorder will accept applications postmarked or received by Tuesday, February 18, before 5:00pm. Claims filed after February 18, but before December 10, may still be eligible to receive a partial exemption. Qualified homeowners will see the exemption deduction reflected in their annual Notice of Assessment Value in July.
There are no fees associated with filing a Homeowners’ Property Tax Exemption. Interested homeowners in San Francisco can find the forms in both English and Spanish by visiting the Form Center at http://www.sfassessor.org or calling 311. Completed and signed forms should be mailed to: Office of the Assessor-Recorder, City and County of San Francisco, 1 Dr. Carlton B. Goodlett Place, Room 190, San Francisco, CA 94102.